CAE Stock Forecast & Price Target
CAE$26.25+0.48 +1.88%
$8.45B
Market Cap
40.68
P/E
20.40
Forward P/E
—
Score
CAE Stock Forecast & Price Target
CAE price $26.25 +0.48 +1.88%
- Ticker
- CAE
- Price
- $26.25
- Change
- +0.48 +1.88%
- Market cap ?
- $8.45B
- P/E ?
- 40.68
- Forward P/E ?
- 20.40
- Dividend yield ?
- 0.00%
- Beta ?
- 1.02
- Sector
- Industrials
- Industry
- Aerospace & Defense
Financials
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| 2704500000 | 2830000000 | 3304100000 | 2545543963 | 2981900000 | 3371300000 | 4010600000 | 4282800000 | 4707900000 | 4926699075 |
CAE Inc. is a global entity dedicated to delivering advanced simulation-based training and vital operational assistance. The company structures its diverse operations into three primary business segments: Civil Aviation, Defense and Security, and Healthcare. Its Civil Aviation division offers an extensive suite of training solutions for various aviation professionals, including flight, cabin, maintenance, and ground…
Fair value
CAE fair value $26.13. Price $26.25. Price is about fair value.
Above fair value, but less expensive than usual. A smaller premium than on 70% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 730.25M. Growth 16.71%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 9.92% (beta 1.0). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 321.85M. Net debt 2.70B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-10 | — | 0.19 | — | 874.48M |
| 2026-08-12 | 0.19 | 0.17 | 826.07M | 796.86M |
| 2026-05-21 | 0.31 | 0.30 | 953.79M | 924.83M |
| 2026-02-12 | 0.24 | 0.22 | 911.78M | 918.99M |
| 2025-11-11 | 0.17 | 0.14 | 887.88M | 814.09M |
| 2025-08-12 | 0.15 | 0.15 | 806.92M | 826.47M |
| 2025-05-13 | 0.33 | 0.32 | 886.20M | 889.52M |
| 2025-02-13 | 0.21 | 0.20 | 850.14M | 809.36M |
| 2024-11-12 | 0.18 | 0.13 | 840.00M | 798.26M |
| 2024-08-13 | 0.15 | 0.15 | 783.68M | 768.96M |
| 2024-05-27 | 0.09 | 0.31 | 831.43M | 954.28M |
| 2024-02-14 | 0.18 | 0.18 | 825.80M | 829.65M |
| 2023-11-14 | 0.20 | 0.15 | 801.24M | 782.00M |
| 2023-08-09 | 0.18 | 0.15 | 795.44M | 777.33M |
| 2023-05-31 | 0.26 | 0.26 | 929.06M | 880.67M |
| 2023-02-14 | 0.21 | 0.19 | 752.68M | 761.84M |
| 2022-11-10 | 0.15 | 0.12 | 717.69M | 677.95M |
| 2022-08-10 | 0.05 | 0.18 | 724.68M | 722.77M |
| 2022-05-31 | 0.23 | 0.18 | 763.24M | 749.62M |
| 2022-02-11 | 0.15 | 0.15 | 670.98M | 725.98M |
| 2021-11-11 | 0.14 | 0.16 | 642.79M | 916.76M |
| 2021-08-11 | 0.15 | 0.13 | 490.39M | 611.18M |
| 2021-05-19 | 0.18 | 0.18 | 566.11M | 611.18M |
| 2021-02-12 | 0.17 | 0.14 | 652.06M | 642.18M |
| 2020-11-10 | 0.09 | -0.03 | 529.32M | 9.51B |
| 2020-08-12 | -0.08 | -0.02 | 297.92M | 510.93M |
| 2020-05-22 | 0.34 | 0.31 | 485.46M | 734.54M |
| 2020-02-07 | 0.28 | 0.27 | 534.88M | 898.54M |
| 2019-11-13 | 0.21 | 0.19 | 673.59M | 800.71M |
| 2019-08-14 | 0.18 | 0.20 | 628.79M | 928.80M |
| 2019-05-17 | 0.36 | 0.33 | 763.41M | 977.57M |
| 2019-02-08 | 0.22 | 0.25 | 646.07M | 900.74M |
| 2018-11-13 | 0.18 | 0.17 | 573.57M | 743.80M |
| 2018-08-14 | 0.20 | 0.21 | 544.98M | 749.77M |
| 2018-05-25 | 0.29 | 0.25 | 605.14M | 623.48M |
| 2018-02-09 | 0.22 | 0.22 | 553.82M | 798.62M |
| 2017-11-10 | 0.17 | 0.19 | 518.95M | 674.40M |
| 2017-08-10 | 0.18 | 0.19 | 536.08M | 683.54M |
| 2017-05-31 | 0.23 | 0.22 | 550.38M | 711.00M |
| 2017-02-14 | 0.20 | 0.17 | 504.99M | 603.93M |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency Quarterly.
Safety score 62/100 · Moderate. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. Dividends were paid in 32 separate years. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2020-03-12 | $0.08 | 2020-03-13 | 2020-03-31 | Quarterly |
| 2019-12-12 | $0.08 | 2019-12-13 | 2019-12-31 | Quarterly |
| 2019-09-12 | $0.08 | 2019-09-13 | 2019-09-30 | Quarterly |
| 2019-06-13 | $0.08 | 2019-06-14 | 2019-06-28 | Quarterly |
| 2019-03-14 | $0.08 | 2019-03-15 | 2019-03-29 | Quarterly |
| 2018-12-13 | $0.07 | 2018-12-14 | 2018-12-31 | Quarterly |
| 2018-09-13 | $0.08 | 2018-09-14 | 2018-09-28 | Quarterly |
| 2018-06-14 | $0.07 | 2018-06-15 | 2018-06-29 | Quarterly |
| 2018-03-14 | $0.07 | 2018-03-15 | 2018-03-30 | Quarterly |
| 2017-12-14 | $0.07 | 2017-12-15 | 2017-12-29 | Quarterly |
| 2017-09-14 | $0.09 | 2017-09-15 | 2017-09-29 | Quarterly |
| 2017-06-13 | $0.06 | 2017-06-15 | 2017-06-30 | Quarterly |
| 2017-03-13 | $0.06 | 2017-03-15 | 2017-03-31 | Quarterly |
| 2016-12-13 | $0.06 | 2016-12-15 | 2016-12-30 | Quarterly |
| 2016-09-13 | $0.06 | 2016-09-15 | 2016-09-30 | Quarterly |
| 2016-06-13 | $0.06 | 2016-06-15 | 2016-06-30 | Quarterly |
| 2016-03-11 | $0.06 | 2016-03-15 | 2016-03-31 | Quarterly |
| 2015-12-11 | $0.05 | 2015-12-15 | 2015-12-31 | Quarterly |
| 2015-09-11 | $0.06 | 2015-09-15 | 2015-09-30 | Quarterly |
| 2015-06-11 | $0.07 | 2015-06-15 | 2015-06-30 | Quarterly |
| 2015-03-11 | $0.05 | 2015-03-13 | 2015-03-31 | Quarterly |
| 2014-12-11 | $0.07 | 2014-12-15 | 2014-12-31 | Quarterly |
| 2014-09-11 | $0.07 | 2014-09-15 | 2014-09-30 | Quarterly |
| 2014-06-11 | $0.06 | 2014-06-13 | 2014-06-30 | Quarterly |
| 2014-03-12 | $0.06 | 2014-03-14 | 2014-03-31 | Quarterly |
| 2013-12-12 | $0.06 | 2013-12-16 | 2013-12-31 | Quarterly |
| 2013-09-12 | $0.05 | 2013-09-16 | 2013-09-30 | Quarterly |
| 2013-06-12 | $0.05 | 2013-06-14 | 2013-06-28 | Quarterly |
| 2013-03-13 | $0.05 | 2013-03-15 | 2013-03-28 | Quarterly |
| 2012-12-12 | $0.05 | 2012-12-14 | 2012-12-31 | Quarterly |
| 2012-09-12 | $0.05 | 2012-09-14 | 2012-09-28 | Quarterly |
| 2012-06-13 | $0.04 | 2012-06-15 | 2012-06-29 | Quarterly |
| 2012-03-13 | $0.04 | 2012-03-15 | 2012-03-30 | Quarterly |
| 2011-12-13 | $0.04 | 2011-12-15 | 2011-12-30 | Quarterly |
| 2011-09-13 | $0.04 | 2011-09-15 | 2011-09-30 | Quarterly |
| 2011-06-13 | $0.04 | 2011-06-15 | 2011-06-30 | Quarterly |
| 2011-03-11 | $0.04 | 2011-03-15 | 2011-03-31 | Quarterly |
| 2010-12-13 | $0.04 | 2010-12-15 | 2010-12-31 | Quarterly |
| 2010-09-13 | $0.04 | 2010-09-15 | 2010-09-30 | Quarterly |
| 2010-06-11 | $0.03 | 2010-06-15 | 2010-06-30 | Quarterly |
| 2010-03-11 | $0.03 | 2010-03-15 | 2010-03-31 | Quarterly |
| 2009-12-11 | $0.03 | 2009-12-15 | 2009-12-31 | Quarterly |
| 2009-09-11 | $0.03 | 2009-09-15 | 2009-09-30 | Quarterly |
| 2009-06-11 | $0.03 | 2009-06-15 | 2009-06-30 | Quarterly |
| 2009-03-12 | $0.02 | 2009-03-16 | 2009-03-31 | Quarterly |
| 2008-12-10 | $0.02 | 2008-12-12 | 2008-12-31 | Quarterly |
| 2008-09-11 | $0.03 | 2008-09-15 | 2008-09-30 | Quarterly |
| 2008-06-11 | $0.03 | 2008-06-13 | 2008-06-30 | Quarterly |
| 2008-03-12 | $0.01 | 2008-03-14 | 2008-03-31 | Quarterly |
| 2007-12-12 | $0.01 | 2007-12-14 | 2007-12-31 | Quarterly |
| 2007-09-12 | $0.01 | 2007-09-14 | 2007-09-28 | Quarterly |
| 2007-06-13 | $0.01 | 2007-06-15 | 2007-06-29 | Quarterly |
| 2007-03-14 | $0.01 | 2007-03-16 | 2007-03-30 | Quarterly |
| 2006-12-13 | $0.01 | 2006-12-15 | 2006-12-29 | Quarterly |
| 2006-09-13 | $0.01 | 2006-09-15 | 2006-09-30 | Quarterly |
| 2006-06-14 | $0.01 | 2006-06-16 | 2006-06-30 | Quarterly |
| 2006-03-15 | $0.01 | 2006-03-17 | 2006-03-31 | Quarterly |
| 2005-12-14 | $0.01 | 2005-12-16 | 2005-12-30 | Quarterly |
| 2005-09-14 | $0.01 | 2005-09-16 | 2005-09-30 | Quarterly |
| 2005-06-10 | $0.01 | 2005-06-14 | 2005-06-30 | Quarterly |
| 2005-03-09 | $0.01 | 2005-03-11 | 2005-03-31 | Quarterly |
| 2004-12-15 | $0.03 | 2004-12-17 | 2004-12-31 | Quarterly |
| 2004-09-15 | $0.02 | 2004-09-17 | 2004-09-30 | Quarterly |
| 2004-06-09 | $0.02 | 2004-06-11 | 2004-06-30 | Quarterly |
| 2004-03-10 | $0.02 | 2004-03-12 | 2004-03-31 | Quarterly |
| 2003-12-10 | $0.02 | 2003-12-12 | 2003-12-31 | Quarterly |
| 2003-09-10 | $0.02 | 2003-09-12 | 2003-09-30 | Quarterly |
| 2003-06-11 | $0.02 | 2003-06-13 | 2003-06-30 | Semi-Annual |
| 2003-03-12 | $0.02 | 2003-03-14 | 2003-03-31 | Quarterly |
| 2002-12-11 | $0.02 | 2002-12-13 | 2002-12-31 | Quarterly |
| 2002-09-11 | $0.02 | 2002-09-13 | 2002-09-30 | Quarterly |
| 2002-06-12 | $0.02 | 2002-06-14 | 2002-06-28 | Quarterly |
| 2002-03-13 | $0.02 | 2002-03-15 | 2002-03-29 | Quarterly |
| 2001-12-12 | $0.02 | 2001-12-14 | 2001-12-31 | Quarterly |
| 2001-09-12 | $0.02 | 2001-09-14 | 2001-09-28 | Quarterly |
| 2001-06-13 | $0.02 | 2001-06-15 | 2001-06-29 | Quarterly |
| 2001-03-14 | $0.02 | 2001-03-16 | 2001-03-30 | Quarterly |
| 2000-12-13 | $0.02 | 2000-12-15 | 2000-12-29 | Quarterly |
| 2000-09-13 | $0.02 | 2000-09-15 | 2000-09-30 | Quarterly |
| 2000-06-13 | $0.02 | 2000-06-15 | 2000-06-30 | Quarterly |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| No data yet. | |||||
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 296, holders -6 vs prior quarter. Ownership 72.04%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | 30.92M | 0 | 0.00% | 773.83M |
| 1832 ASSET MANAGEMENT L.P. | 19.56M | 3.16M | +19.30% | 490.16M |
| BRANDES INVESTMENT PARTNERS, LP | 18.40M | 2.52M | +15.89% | 461.04M |
| BROWNING WEST LP | 12.61M | -13.38K | -0.11% | 315.93M |
| MACKENZIE FINANCIAL CORP | 7.92M | -4.03M | -33.72% | 281.13M |
| VANGUARD CAPITAL MANAGEMENT LLC | 8.88M | 159.20K | +1.82% | 222.40M |
| SELECT EQUITY GROUP, L.P. | 7.02M | -1.23M | -14.95% | 175.67M |
| ROYAL BANK OF CANADA | 6.89M | 770.52K | +12.59% | 172.63M |
| JUPITER TOPCO LLC | 6.51M | 6.51M | New | 162.92M |
| BANK OF MONTREAL /CAN/ | 5.97M | 5.76M | +2774.62% | 149.27M |
| BEUTEL, GOODMAN & CO LTD. | 5.42M | -810.89K | -13.02% | 135.60M |
| SNYDER CAPITAL MANAGEMENT L P | 4.93M | 25.15K | +0.51% | 123.54M |
| LETKO, BROSSEAU & ASSOCIATES INC | 3.98M | 859.39K | +27.52% | 99.66M |
| MORGAN STANLEY | 3.68M | 1.63M | +79.21% | 92.26M |
| NATIONAL BANK OF CANADA /FI/ | 3.47M | -686.42K | -16.52% | 86.66M |
| CIBC ASSET MANAGEMENT INC | 3.31M | -41.55K | -1.24% | 83.75M |
| TD ASSET MANAGEMENT INC | 3.29M | -235.08K | -6.66% | 82.43M |
| NORGES BANK | 3.22M | 3.22M | New | 80.61M |
| FEDERATION DES CAISSES DESJARDINS DU QUEBEC | 3.15M | 92.84K | +3.04% | 78.42M |
| GEODE CAPITAL MANAGEMENT, LLC | 3.05M | 175.22K | +6.09% | 76.18M |
| FIERA CAPITAL CORP | 2.96M | 663.70K | +28.85% | 74.09M |
| VANGUARD FIDUCIARY TRUST CO | 2.85M | 44.87K | +1.60% | 71.29M |
| DIMENSIONAL FUND ADVISORS LP | 2.70M | 504.52K | +22.94% | 67.75M |
| INVESCO LTD. | 2.68M | 115.67K | +4.51% | 67.18M |
| CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. | 2.61M | 262.65K | +11.20% | 65.21M |
Forecast
Consensus Buy from 15 analysts. Average price target $30.00, +14.3% versus the current price. Low $26.00. High $34.00.
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